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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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Nov 27, 2012
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a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you saw the results flash across the screen a few moments ago. rick santelli breaki
a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and...
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Nov 27, 2012
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deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength. the other guys have been reluctant to do that. speaking of the conference call, company -- now that we're entering gift giving season, as a quarter of ross' merchandise is oriented around the home and recovery means they're selling a lot more furniture. ross stores is a shareholder friendly company. they do have a small dividend, okay? one that yields just 1%. the company's consistently increased that dividend. the stock has overrun it every year for the last 18 years. most recently, 27% boost back in january. beyond that, ross has brought back a huge amount of stocks since 2005. i was astonished to see
deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength....
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Nov 27, 2012
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and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is abnormally large. of course you might argue the abnormal conditions warrant that. never the the less, we'll also look at earnings from adt and green blount continmountain. the greek deal is done. athens will receive its much needed bailout cash. >> our common goal is that greece achieve a credible and sustainable reduction reaching lower than 110% of gdp in 2022. we will consider further measures if necessary to achi e achieve. >> one of the key points, silvia is back with us from brussels. good morning. and there are so many points. which are the most significant? >> well, we knew there was a sort o
and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is...
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consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also p
consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would...